Comstock Resources, Inc. (NYSE:CRK) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 990,512 shares of the oil and gas producer's stock after selling 66,332 shares during the quarter. Wellington Management Group LLP owned about 0.34% of Comstock Resources worth $18,047,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Comstock Resources by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 9,222,982 shares of the oil and gas producer's stock valued at $168,043,000 after acquiring an additional 126,380 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Comstock Resources by 6.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,505,808 shares of the oil and gas producer's stock valued at $27,436,000 after buying an additional 91,988 shares during the last quarter. Royce & Associates LP raised its position in Comstock Resources by 13.0% in the fourth quarter. Royce & Associates LP now owns 779,410 shares of the oil and gas producer's stock worth $14,201,000 after acquiring an additional 89,630 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Comstock Resources during the 4th quarter valued at $11,891,000. Finally, Principal Financial Group Inc. increased its stake in shares of Comstock Resources by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 439,470 shares of the oil and gas producer's stock worth $8,007,000 after purchasing an additional 12,257 shares in the last quarter. Institutional investors own 36.13% of the company's stock.

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Comstock Resources Trading Up 0.2 %

Comstock Resources stock traded up $0.04 during midday trading on Monday, reaching $19.41. The stock had a trading volume of 173,727 shares, compared to its average volume of 2,712,545. Comstock Resources, Inc. has a 52-week low of $7.74 and a 52-week high of $22.06. The company has a fifty day moving average of $18.84 and a 200 day moving average of $16.62. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of -25.54, a price-to-earnings-growth ratio of 1.65 and a beta of 0.42. The company has a quick ratio of 0.60, a current ratio of 0.46 and a debt-to-equity ratio of 1.27.

Comstock Resources (NYSE:CRK - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.14. The company had revenue of $366.51 million during the quarter, compared to analyst estimates of $370.62 million. Comstock Resources had a negative net margin of 18.32% and a negative return on equity of 3.10%. On average, analysts anticipate that Comstock Resources, Inc. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Williams Trading set a $13.00 price objective on shares of Comstock Resources in a research report on Wednesday, March 5th. Mizuho raised Comstock Resources from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $10.00 to $18.00 in a research note on Monday, December 16th. StockNews.com upgraded shares of Comstock Resources to a "sell" rating in a research report on Friday, April 4th. Truist Financial upped their target price on shares of Comstock Resources from $11.00 to $19.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Finally, Piper Sandler boosted their price target on shares of Comstock Resources from $5.00 to $6.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 29th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $13.73.

Comstock Resources Company Profile

Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. Its assets are located in the Haynesville and Bossier shales located in North Louisiana and East Texas. The company was incorporated in 1919 and is headquartered in Frisco, Texas.